Enphase Energy Inc (ENPH)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		5.77	9.06	11.12	10.26	12.57
DOH	days	63.26	40.29	32.81	35.58	29.03

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.77
= 63.26

The days of inventory on hand (DOH) for Enphase Energy Inc have shown a fluctuating trend over the past five years, indicating varying efficiencies in managing inventory levels.

In 2019, the company held inventory for an average of 29.03 days before being sold or used in operations. This increased to 35.58 days in 2020, reflecting a potential buildup of inventory or slower turnover during that year. However, the DOH decreased to 32.81 days in 2021, suggesting improved inventory management efficiency.

The trend continued with a notable rise to 40.29 days in 2022, potentially indicating challenges in inventory control or changes in demand dynamics. The most recent data for 2023 shows a further increase to 63.26 days, potentially signaling a need for the company to review and optimize its inventory management practices.

Overall, fluctuations in Enphase Energy Inc's DOH highlight the importance of actively monitoring and adjusting inventory levels to achieve optimal efficiency and cost control.